8200 El Camino Real - Supermarket FOR SALE


Atascadero, CA 93422- Atascadero/Templeton
$19,660,000 USD
949-271-1170
8200 El Camino Real, Atascadero, CA for Sale
$19,660,000 USD
Supermarket - FOR SALE
1/4
null | 6.25% Cap Rate

8200 El Camino Real
Atascadero, CA 93422
Atascadero/Templeton


HIGHLIGHTS

  • Single Tenant Absolute NNN Grocer - The entire collateral is wholly leased to Smart & Final, who subleases 18,660 square feet to Planet Fitness.
  • Rare Embedded Annual Rent Increases - Smart & Final’s lease features annual 2% rent increases; providing consistent NOI growth for an investor.
  • Absolute NNN Lease - Single tenant asset (subject to sublease with Planet Fitness) on an absolute NNN lease, with no landlord responsibilities.
  • Seasoned Tenant - Smart & Final has been in occupancy since 2016 and executed a new 16-year lease in 2019.
  • Prominent Freeway Frontage and Visibility - Approx.800 feet of linear frontage and prominent monument signage along US Route 101.
  • Affluent Household Demographics - Average household incomes of approximately $110,000 within a three-mile radius.

OVERVIEW

Smart & Final/Planet Fitness is a 57,513 square foot grocery-anchored investment opportunity located in the affluent California Central Coast community of Atascadero. The entirety of the subject property is on a long-term absolute NNN lease with Smart & Final, with a base lease term expiration of February 2035. Smart & Final occupies approximately 38,853 square feet of GLA, with Planet Fitness occupying the remaining 18,660 square feet on a sublease. The subject property is centrally positioned in Atascadero along US Route 101, and benefits from approximately 800 feet of linear frontage and prominent monument signage. US Route 101 receives strong traffic counts of approximately 57,000 vehicles per day (Curbaril Ave. interchange).

FOR SALE DETAILS

PRICE

$19,660,000 USD

PRICE/SF

$342 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smart & Final Extra!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.9 AC

LAND SF

300,564 SF

ZONING

CR

APN/PARCEL ID

056-031-061,056-031-062

ASK ABOUT THIS PROPERTY

Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

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Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.